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Vol. 10, No. 37 Week of September 11, 2005
Providing coverage of Alaska and northern Canada's oil and gas industry

$1M a day for a drilling rig?

Deepwater day rates expected to surge in 2006; Katrina kills four drilling rigs in U.S. Gulf

Ray Tyson

Petroleum News Correspondent

Day rates for fifth-generation, high-specification deepwater drilling rigs in the Gulf of Mexico are expected to surpass $400,000 next year, well above the current average, as exploration and production companies scramble to land rig contracts in an ever-tightening deepwater market supported by sky-....

    [additional news subjects in this story]

Rigs leaving the Gulf

Most upper-end contracts for 2006, 2007

Transocean has $6.5 billion in project backlog


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